Owner lists "house" in Toronto for 1 mil, gets $800K over asking price

[UberEatsDriver]

Developers also do this to develop. There was a story of a Trinidadian family who sold their Victorian home in Brooklyn for 6 million dollars.


The house has been destroyed and now a condo building has taken its place on the corner of Bedford and Lenox.

 

[CouldntBeMeTho]

That shyt should be criminal

 

[JLova]

They listed the house well below market so thry could get a bidding war going. These stories never add that part. Media treating their readers like retards.

 

[MikeyK]

Probably somebody who lived downtown and wants to move a little further out

That house is still downtown

 

[Master Teacher]

Chinese rich person prolly bought it

They’ve been funneling their money in foreign assets away from the CCP for decades

They along with other rich foreigners is why the Toronto housing market is so fukked

Seems to be a strategy of China, probably the reason why real estate is so high on the west and east coast

it's actually pretty smart, because these china companies have so much money even if properties are vacant they can never lose the property

The problem with the free market is, Americans are "FREE" to sell out the country to foreign enemies all in the name of capitalism

but a traitor is a traitor

 

[Nomad1]

housing is overpriced as fukk in toronto fukk this cac city

 

[Jahbarri]

You think Chinese citizens could get away with this without China blessing? The CCP is the one buying real estate all across North America as a way to park money. And if any rich person does it they dropping a bag to CCP before they do. No Chinese citizen is hiding money from China unless they want life in prison or death.

Ur craY

 

[SATAN]

Californians reading this thread like
"what a steal"

 

[BigSteppa]

Toronto market is fukked but there are ways around it. Ik aunties paying 50$ monthly for a crib downtown

 

[⠝⠕⠏⠑]

This is sold for 1.8 Million dollars. In 10 days after the listing too!

https://torontostoreys.com/300-euclid-sold-800-thousand-over-asking/

• Bedrooms: 2
• Bathrooms: 1
• Sq. ft: N/A
• Lot: 20.16 x 129 Feet
• Taxes: $5,307
• Sold for: $1,808,000

Toronto LAWST. Might need to flattop the CN Tower


This definitely isn't a buyers market. Y'all better pray for @Booksnrain and any other brehs & brehettes trying to buy houses in these times.

How did this happen?

 

[⠝⠕⠏⠑]

Toronto market is fukked but there are ways around it. Ik aunties paying 50$ monthly for a crib downtown

 

[MikelArteta]

yeah its all about location in toronto a 2bdrm condo goes on average for like 800k
a 1bdm condo downtown toronto can be like 650k

Toronto area home prices set a new record in 2020 as they soar by 13.5%

The average selling price of a home in the Toronto area hit a record high last year of $929,699.

Even with 200k down you'll be stuck paying like 3,300 a month for mortgage on a average house in toronto


only thing covid did is kill airbnb so you can rent a condo for like 1,600-1,700 a month

 

[MikelArteta]

@TradePascalSiakam was right about the Toronto housing market.

the worst thing is you can make 100k a year but only qualify for like a 475k mortgage which literally can't buy you anything in the city

 

[MikelArteta]

housing is overpriced as fukk in toronto fukk this cac city

it is it is, you gotta save up like 100k just to have a mortgage of like 900k and pay 3-4k a month

I remember in 2003 my parents buying a massive mansion in jewish thornhill for 300k and my dad was upset that they spent so much

now 300k you cant even buy an apartment in the worst area of the city

 

[newworldafro]

Chinese rich person prolly bought it

They’ve been funneling their money in foreign assets away from the CCP for decades

They along with other rich foreigners is why the Toronto housing market is so fukked

Chinada